Office Admin

Ten Tips for Putting a Price Tag on Yourself

1. Make sure your fees are clearly posted and understood by your patients before they begin treatment. There is nothing worse than a patient receiving a bill when they think they are covered by a government plan.

2. Don't be afraid to charge for your services. You have spent a lot of time and money to obtain you license and you deserve a return on that investment.

Clinic Fees and Pricing

What should I charge?
Most ND rates are very reasonable especially compared to other "service" professions such as lawyers and plumbers! Set your own rates and feel comfortable about them. If you are providing exceptional advice and service to your patients they won't begrudge paying you a fair price.

A few hints about pricing:

  1. Don't be afraid to charge for your services. You've invested a lot in your knowledge and expertise. You deserve a fair return.

Hiring Employees

When you hire a new employee, make sure to follow the list below to fully integrate him/her into your practice.

  1. Prepare his/her desk, cabinets, telephone and supplies
  2. Engrave a nametag, and desk sign
  3. Introduce to all employees
  4. Outline what the employee should do that day and during the orientation period. Checklist of all tasks to be learned, and who is doing the training.
  5. Tour of the office
  6. Film the first introduction to a  patient
  7. Assign a “buddy”

Before Signing a Commercial Lease

Hire a lawyer
This is one expense you can’t afford not to incur. And do it BEFORE you sign the lease, not after!

Square feet

Most commercial leases are quoted per square foot of space per year, rather than an overall amount per month. Bring you own measuring tape, and don’t pay for space like common hallways that you cannot use.

Commercial leases are different from residential leases

Strategies for Practice

During the flu season, it is important for NDs to carefully consider their options when treating a patient. Maintaining optimum health involves learning about disease prevention and understanding any underlying medical conditions, as well as teaching their patients to protect themselves from the flu and what they should do if contracted.

Setting Your Goals

Now is the time to actually write out some of your goals. Be positive and use the present tense. Start with simple goals. “Develop a successful practice serving the needs of elderly patients.”

Use the SMART method

  • Specific - Your goal should have sufficient detail. Don’t plan on seeing “more” patients. Plan on seeing 20 patients per week after the first six months of operation.

Independent Contractors and the Law

The distinction between an employee and an independent contractor is especially relevant when source deductions are concerned. As noted earlier, an employer must make certain deductions and remittances from the salaries and wages of its employees for amounts owing for employment insurance (El), the Canada Pension Plan (CPP), and income tax. In addition, the employer must also make employment insurance and Canada Pension Plan payments on behalf of all employees.

Employee or Independent Contractor?

As noted earlier, an employee is someone who works for you under a contract of service. An independent contractor, on the other hand, works for you under a contract for services. The distinction is a subtle but nonetheless important one.

Partnering and Location

Decide on type of practice – alone/with partner(s)/with chiro/with MD

Renovations

Arrange renovations

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